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  • Open Access English
    Authors: 
    Dieleman, Bas;
    Publisher: SSRN e-library
    Country: Netherlands

    For the purpose of this research, pension cuts are defined as a decrease in retirement benefits currently paid to retired citizens and (2) a decrease in accumulated pension rights related to past years of service. This paper focusses on such pension cuts in public pensions and employer sponsored private pensions in all Member States and the U.K. (hereafter the Member States) Similar to pension cuts is the adjustment of pensions to inflation or wage increase. As a result, such adjustments are included in the research. The research also includes many recent pension reforms in the Member States.

  • Open Access English
    Authors: 
    Sinha Roy, Debdatta; Defryn, Christof; Golden, Bruce; Wasil, Edward;
    Publisher: Maastricht University, Graduate School of Business and Economics
    Country: Netherlands
  • Open Access English
    Authors: 
    Bos, Iwan;
    Publisher: Maastricht University, Graduate School of Business and Economics
    Country: Netherlands

    Few today would doubt the need for competition rules in a free, marked-based society like the United States of America. From a free market philosophy perspective, however, there is something inherently paradoxical about the presence of competition policy. After all, the competition laws that are intended to combat restraints of trade are, in fact, themselves restraints of trade and their enforcement implies extensive government intervention. It is argued that competition policy is nevertheless compatible with the free market philosophy when the free market system would effectively disappear without it and it is shown that this possibility was considered real in the history of U.S. competition law enforcement. U.S. competition policy stimulates free market survival by shaping market structure and by promoting the free market spirit. Both make American competition policy consistent with the free market philosophy and consequently provide a moral justification for its presence.

  • Open Access
    Authors: 
    Aad, Georges; Abbott, Brad; Abreu, Henso; Araujo Pereira, Rodrigo; Gutschow, Christian; Guyot, Claude; Gwenlan, Claire; Gwilliam, Carl; Haas, Andy; Haber, Carl; +1,037 more
    Publisher: Institute of Physics Publishing
    Countries: Germany, France, Spain, Italy, Netherlands, Poland, Switzerland, United Kingdom, France, Denmark ...

    A search for a chargino-neutralino pair decaying via the 125 GeV Higgs boson into photons is presented. The study is based on the data collected between 2015 and 2018 with the ATLAS detector at the LHC, corresponding to an integrated luminosity of 139 fb(-1) of pp collisions at a centre-of-mass energy of 13 TeV. No significant excess over the expected background is observed. Upper limits at 95% confidence level for a massless (chi) over tilde (0)(1) are set on several electroweakino production cross-sections and the visible cross-section for beyond the Standard Model processes. In the context of simplified supersymmetric models, 95% confidence-level limits of up to 310 GeV in m((chi) over tilde (+/-)(1)/(chi) over tilde (0)(2)), where m((chi) over tilde (0)(1)) = 0.5 GeV, are set. Limits at 95% confidence level are also set on the (chi) over tilde (+/-)(1)(chi) over tilde (0)(2) cross-section in the mass plane of m((chi) over tilde (+/-)(1)/(chi) over tilde (0)(2)) and m((chi) over tilde (0)(1)), and on scenarios with gravitino as the lightest supersymmetric particle. Upper limits at the 95% confidence-level are set on the higgsino production cross-section. Higgsino masses below 380 GeV are excluded for the case of the higgsino fully decaying into a Higgs boson and a gravitino. Ministry of Education, Culture, Sports, Science and Technology, Japan (MEXT) Japan Society for the Promotion of Science Ministry of Education, Youth & Sports - Czech Republic Czech Republic Government Netherlands Organization for Scientific Research (NWO) Netherlands Government Ministry of Education, Culture, Sports, Science and Technology, Japan (MEXT) Departamento Administrativo de Ciencia, Tecnología e Innovación Colciencias Comision Nacional de Investigacion Cientifica y Tecnologica (CONICYT) National Council for Scientific and Technological Development (CNPq) German-Israeli Foundation for Scientific Research and Development Fundacao de Amparo a Pesquisa do Estado de Sao Paulo (FAPESP) Natural Sciences and Engineering Research Council of Canada European Union (EU) European Research Council (ERC) National Natural Science Foundation of China (NSFC) Centre National de la Recherche Scientifique (CNRS) Ministry of Science and Higher Education, Poland Portuguese Foundation for Science and Technology PROMETEO Programme Generalitat Valenciana, Spain Ministry of Energy & Natural Resources - Turkey CERCA Programme Generalitat de Catalunya, Spain Federal Ministry of Education & Research (BMBF) Science & Technology Facilities Council (STFC) Azerbaijan National Academy of Sciences (ANAS) Istituto Nazionale di Fisica Nucleare (INFN) Ministry of Science and Technology, Taiwan Ministry of Science and Technology, China United States Department of Energy (DOE) Swiss National Science Foundation (SNSF) Danish Natural Science Research Council French National Research Agency (ANR) Herakleitos program - EU-ESF, Greece Slovenian Research Agency - Slovenia Goran Gustafssons Stiftelse, Sweden Greek Ministry of Development-GSRT National Science Foundation (NSF) Aristeia program - EU-ESF, Greece German Research Foundation (DFG) Canada Foundation for Innovation MES of Russia, Russia Federation Thales program - EU-ESF, Greece Wallenberg Foundation, Sweden Canton of Geneva, Switzerland Horizon 2020, European Union Canton of Bern, Switzerland Australian Research Council Austrian Science Fund (FWF) Chinese Academy of Sciences Israel Science Foundation NRC KI, Russia Federation Czech Republic Government Royal Society of London Benoziyo Center, Israel Compute Canada, Canada DST/NRF, South Africa Hong Kong SAR, China COST, European Union CEA-DRF/IRFU, France Greek NSRF, Greece Max Planck Society SERI, Switzerland Leverhulme Trust MNE/IFA, Romania SRNSFG, Georgia BSF-NSF, Israel CANARIE, Canada YerPhI, Armenia MSSR, Slovakia BMWFW, Austria CNRST, Morocco MIZS, Slovenia BCKDF, Canada DNRF, Denmark MESTD, Serbia SSTC, Belarus MINECO, Spain HGF, Germany RCN, Norway NCN, Poland NRC, Canada CRC, Canada SRC, Sweden RGC, China ANPCyT CERN JINR

  • Open Access English
    Authors: 
    Martinez, Francisco Gomez; Onderstal, Sander; Schinkel, Maarten-Pieter;
    Publisher: Tinbergen Institute
    Country: Netherlands

    Competition has been argued to erode socially responsible behavior in markets, suggesting that allowing cartel agreements among firms may promote public interest objectives. We test this idea in a laboratory experiment. Participants playing the role of firms choose between offering a ÔfairÕ and an ÔunfairÕ good to a consumer participant. When the unfair good is traded, a negative externality is imposed on a third party. We vary whether or not the firms are allowed to coordinate on the type of good they sell Ð while remaining in price competing. We find that the opportunity to coordinate leads to more coordinated equilibria, but has no significant impact on the fraction of fair goods traded on the market. Instead it polarizes: more of the same good, fair or unfair, is offered in coordination. Irrespective of whether quality coordination between firms is allowed, participants are more likely to trade the fair good, the stronger their third-party preferences are. These findings suggest that both consumer and managerial values are more important drivers of socially responsible behavior than opportunities for firms to coordinate their corporate social responsibility (CSR) activities. We highlight implications for competition policy, where cartels may be exempted on CSR grounds.

  • Open Access English
    Authors: 
    Kantor, Y.; Nijkamp, P.; Jan Rouwendal;
    Publisher: Louvain-la-Neuve: European Regional Science Association (ERSA)
    Country: Netherlands

    More than a decade ago Oswald has formulated the thesis that homeownership increases unemployment. Empirical research on micro data has confirmed that unemployed homeowners are less inclined to move house in combination with accepting a new job elsewhere. However, in general for European countries, residential mobility associated with unemployment spells appears to be too small to be able to have a substantial impact on labour market outcomes. The present paper aims to make a new contribution to the scientific debate on Oswald’s thesis by addressing two complementary issues: risk attitudes of job seekers and commuting costs. We show that decreasing absolute risk aversion implies that the exit rate from unemployment is increasing in housing cost in the context of a standard job search model. In a spatial setting this is shown to imply that higher housing costs increase average commuting distances as well. We test these predictions on Dutch register data. Our empirical results show that outright homeowners have lower exit rates from unemployment than renters and are more reluctant to accept long commutes, which confirms Oswald’s thesis. However, highly leveraged homeowners have higher exit rates than renters and are more inclined to accept longer commutes, which confirms earlier findings in the literature.

  • Open Access English
    Authors: 
    Andreas Kamilaris; Nicolò Botteghi;
    Publisher: arXiv.org
    Country: Netherlands

    As the Internet of Things (IoT) penetrates different domains and application areas, it has recently entered also the world of robotics. Robotics constitutes a modern and fast-evolving technology, increasingly being used in industrial, commercial and domestic settings. IoT, together with the Web of Things (WoT) could provide many benefits to robotic systems. Some of the benefits of IoT in robotics have been discussed in related work. This paper moves one step further, studying the actual current use of IoT in robotics, through various real-world examples encountered through a bibliographic research. The paper also examines the potential ofWoT, together with robotic systems, investigating which concepts, characteristics, architectures, hardware, software and communication methods of IoT are used in existing robotic systems, which sensors and actions are incorporated in IoT-based robots, as well as in which application areas. Finally, the current application of WoT in robotics is examined and discussed.

  • Open Access English
    Authors: 
    Nucera, F.; Andre Lucas; Julia Schaumburg; Schwaab, B.;
    Publisher: Frankfurt a. M.: European Central Bank (ECB)
    Country: Netherlands

    We study the impact of increasingly negative central bank policy rates on banks' propensity to become undercapitalized in a financial crisis ('SRisk'). We find that the risk impact of negative rates is moderate, and depends on banks' business models: Banks with diversified income streams are perceived by the market as less risky, while banks that rely predominantly on deposit funding are perceived as more risky. Policy rate cuts below zero trigger different SRisk responses than an earlier cut to zero.

  • Publication . Article . Research . Conference object . 2015 . Embargo End Date: 01 Jan 2012
    Open Access
    Authors: 
    Frans Schalekamp; René Sitters; Suzanne van der Ster; Leen Stougie; Victor Verdugo; Anke van Zuylen;
    Publisher: arXiv
    Countries: France, France, Netherlands

    International audience; We study a scheduling problem in which jobs may be split into parts, where the parts of a split job may be processed simultaneously on more than one machine. Each part of a job requires a setup time, however, on the machine where the job part is processed. During setup, a machine cannot process or set up any other job. We concentrate on the basic case in which setup times are job-, machine- and sequence-independent. Problems of this kind were encountered when modelling practical problems in planning disaster relief operations. Our main algorithmic result is a polynomial-time algorithm for minimising total completion time on two parallel identical machines. We argue, why the same problem with three machines is not an easy extension of the two-machine case, leaving the complexity of this case as a tantalising open problem. We give a constant-factor approximation algorithm for the general case with any number of machines and a polynomial-time approximation scheme for a fixed number of machines. For the version with the objective to minimise total weighted completion time, we prove NP-hardness. Finally, we conclude with an overview of the state of the art for other split scheduling problems with job-, machine- and sequence-independent setup times.

  • Open Access English
    Authors: 
    Dennis Prak; Ruud Teunter; Babai, Mohamed Z.; Syntetos, Aris A.; Boylan, John E.;
    Publisher: University of Groningen, SOM research school
    Country: Netherlands
Advanced search in
Research products
arrow_drop_down
Searching FieldsTerms
Any field
arrow_drop_down
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arrow_drop_down
Include:
4,957 Research products, page 1 of 496
  • Open Access English
    Authors: 
    Dieleman, Bas;
    Publisher: SSRN e-library
    Country: Netherlands

    For the purpose of this research, pension cuts are defined as a decrease in retirement benefits currently paid to retired citizens and (2) a decrease in accumulated pension rights related to past years of service. This paper focusses on such pension cuts in public pensions and employer sponsored private pensions in all Member States and the U.K. (hereafter the Member States) Similar to pension cuts is the adjustment of pensions to inflation or wage increase. As a result, such adjustments are included in the research. The research also includes many recent pension reforms in the Member States.

  • Open Access English
    Authors: 
    Sinha Roy, Debdatta; Defryn, Christof; Golden, Bruce; Wasil, Edward;
    Publisher: Maastricht University, Graduate School of Business and Economics
    Country: Netherlands
  • Open Access English
    Authors: 
    Bos, Iwan;
    Publisher: Maastricht University, Graduate School of Business and Economics
    Country: Netherlands

    Few today would doubt the need for competition rules in a free, marked-based society like the United States of America. From a free market philosophy perspective, however, there is something inherently paradoxical about the presence of competition policy. After all, the competition laws that are intended to combat restraints of trade are, in fact, themselves restraints of trade and their enforcement implies extensive government intervention. It is argued that competition policy is nevertheless compatible with the free market philosophy when the free market system would effectively disappear without it and it is shown that this possibility was considered real in the history of U.S. competition law enforcement. U.S. competition policy stimulates free market survival by shaping market structure and by promoting the free market spirit. Both make American competition policy consistent with the free market philosophy and consequently provide a moral justification for its presence.

  • Open Access
    Authors: 
    Aad, Georges; Abbott, Brad; Abreu, Henso; Araujo Pereira, Rodrigo; Gutschow, Christian; Guyot, Claude; Gwenlan, Claire; Gwilliam, Carl; Haas, Andy; Haber, Carl; +1,037 more
    Publisher: Institute of Physics Publishing
    Countries: Germany, France, Spain, Italy, Netherlands, Poland, Switzerland, United Kingdom, France, Denmark ...

    A search for a chargino-neutralino pair decaying via the 125 GeV Higgs boson into photons is presented. The study is based on the data collected between 2015 and 2018 with the ATLAS detector at the LHC, corresponding to an integrated luminosity of 139 fb(-1) of pp collisions at a centre-of-mass energy of 13 TeV. No significant excess over the expected background is observed. Upper limits at 95% confidence level for a massless (chi) over tilde (0)(1) are set on several electroweakino production cross-sections and the visible cross-section for beyond the Standard Model processes. In the context of simplified supersymmetric models, 95% confidence-level limits of up to 310 GeV in m((chi) over tilde (+/-)(1)/(chi) over tilde (0)(2)), where m((chi) over tilde (0)(1)) = 0.5 GeV, are set. Limits at 95% confidence level are also set on the (chi) over tilde (+/-)(1)(chi) over tilde (0)(2) cross-section in the mass plane of m((chi) over tilde (+/-)(1)/(chi) over tilde (0)(2)) and m((chi) over tilde (0)(1)), and on scenarios with gravitino as the lightest supersymmetric particle. Upper limits at the 95% confidence-level are set on the higgsino production cross-section. Higgsino masses below 380 GeV are excluded for the case of the higgsino fully decaying into a Higgs boson and a gravitino. Ministry of Education, Culture, Sports, Science and Technology, Japan (MEXT) Japan Society for the Promotion of Science Ministry of Education, Youth & Sports - Czech Republic Czech Republic Government Netherlands Organization for Scientific Research (NWO) Netherlands Government Ministry of Education, Culture, Sports, Science and Technology, Japan (MEXT) Departamento Administrativo de Ciencia, Tecnología e Innovación Colciencias Comision Nacional de Investigacion Cientifica y Tecnologica (CONICYT) National Council for Scientific and Technological Development (CNPq) German-Israeli Foundation for Scientific Research and Development Fundacao de Amparo a Pesquisa do Estado de Sao Paulo (FAPESP) Natural Sciences and Engineering Research Council of Canada European Union (EU) European Research Council (ERC) National Natural Science Foundation of China (NSFC) Centre National de la Recherche Scientifique (CNRS) Ministry of Science and Higher Education, Poland Portuguese Foundation for Science and Technology PROMETEO Programme Generalitat Valenciana, Spain Ministry of Energy & Natural Resources - Turkey CERCA Programme Generalitat de Catalunya, Spain Federal Ministry of Education & Research (BMBF) Science & Technology Facilities Council (STFC) Azerbaijan National Academy of Sciences (ANAS) Istituto Nazionale di Fisica Nucleare (INFN) Ministry of Science and Technology, Taiwan Ministry of Science and Technology, China United States Department of Energy (DOE) Swiss National Science Foundation (SNSF) Danish Natural Science Research Council French National Research Agency (ANR) Herakleitos program - EU-ESF, Greece Slovenian Research Agency - Slovenia Goran Gustafssons Stiftelse, Sweden Greek Ministry of Development-GSRT National Science Foundation (NSF) Aristeia program - EU-ESF, Greece German Research Foundation (DFG) Canada Foundation for Innovation MES of Russia, Russia Federation Thales program - EU-ESF, Greece Wallenberg Foundation, Sweden Canton of Geneva, Switzerland Horizon 2020, European Union Canton of Bern, Switzerland Australian Research Council Austrian Science Fund (FWF) Chinese Academy of Sciences Israel Science Foundation NRC KI, Russia Federation Czech Republic Government Royal Society of London Benoziyo Center, Israel Compute Canada, Canada DST/NRF, South Africa Hong Kong SAR, China COST, European Union CEA-DRF/IRFU, France Greek NSRF, Greece Max Planck Society SERI, Switzerland Leverhulme Trust MNE/IFA, Romania SRNSFG, Georgia BSF-NSF, Israel CANARIE, Canada YerPhI, Armenia MSSR, Slovakia BMWFW, Austria CNRST, Morocco MIZS, Slovenia BCKDF, Canada DNRF, Denmark MESTD, Serbia SSTC, Belarus MINECO, Spain HGF, Germany RCN, Norway NCN, Poland NRC, Canada CRC, Canada SRC, Sweden RGC, China ANPCyT CERN JINR

  • Open Access English
    Authors: 
    Martinez, Francisco Gomez; Onderstal, Sander; Schinkel, Maarten-Pieter;
    Publisher: Tinbergen Institute
    Country: Netherlands

    Competition has been argued to erode socially responsible behavior in markets, suggesting that allowing cartel agreements among firms may promote public interest objectives. We test this idea in a laboratory experiment. Participants playing the role of firms choose between offering a ÔfairÕ and an ÔunfairÕ good to a consumer participant. When the unfair good is traded, a negative externality is imposed on a third party. We vary whether or not the firms are allowed to coordinate on the type of good they sell Ð while remaining in price competing. We find that the opportunity to coordinate leads to more coordinated equilibria, but has no significant impact on the fraction of fair goods traded on the market. Instead it polarizes: more of the same good, fair or unfair, is offered in coordination. Irrespective of whether quality coordination between firms is allowed, participants are more likely to trade the fair good, the stronger their third-party preferences are. These findings suggest that both consumer and managerial values are more important drivers of socially responsible behavior than opportunities for firms to coordinate their corporate social responsibility (CSR) activities. We highlight implications for competition policy, where cartels may be exempted on CSR grounds.

  • Open Access English
    Authors: 
    Kantor, Y.; Nijkamp, P.; Jan Rouwendal;
    Publisher: Louvain-la-Neuve: European Regional Science Association (ERSA)
    Country: Netherlands

    More than a decade ago Oswald has formulated the thesis that homeownership increases unemployment. Empirical research on micro data has confirmed that unemployed homeowners are less inclined to move house in combination with accepting a new job elsewhere. However, in general for European countries, residential mobility associated with unemployment spells appears to be too small to be able to have a substantial impact on labour market outcomes. The present paper aims to make a new contribution to the scientific debate on Oswald’s thesis by addressing two complementary issues: risk attitudes of job seekers and commuting costs. We show that decreasing absolute risk aversion implies that the exit rate from unemployment is increasing in housing cost in the context of a standard job search model. In a spatial setting this is shown to imply that higher housing costs increase average commuting distances as well. We test these predictions on Dutch register data. Our empirical results show that outright homeowners have lower exit rates from unemployment than renters and are more reluctant to accept long commutes, which confirms Oswald’s thesis. However, highly leveraged homeowners have higher exit rates than renters and are more inclined to accept longer commutes, which confirms earlier findings in the literature.

  • Open Access English
    Authors: 
    Andreas Kamilaris; Nicolò Botteghi;
    Publisher: arXiv.org
    Country: Netherlands

    As the Internet of Things (IoT) penetrates different domains and application areas, it has recently entered also the world of robotics. Robotics constitutes a modern and fast-evolving technology, increasingly being used in industrial, commercial and domestic settings. IoT, together with the Web of Things (WoT) could provide many benefits to robotic systems. Some of the benefits of IoT in robotics have been discussed in related work. This paper moves one step further, studying the actual current use of IoT in robotics, through various real-world examples encountered through a bibliographic research. The paper also examines the potential ofWoT, together with robotic systems, investigating which concepts, characteristics, architectures, hardware, software and communication methods of IoT are used in existing robotic systems, which sensors and actions are incorporated in IoT-based robots, as well as in which application areas. Finally, the current application of WoT in robotics is examined and discussed.

  • Open Access English
    Authors: 
    Nucera, F.; Andre Lucas; Julia Schaumburg; Schwaab, B.;
    Publisher: Frankfurt a. M.: European Central Bank (ECB)
    Country: Netherlands

    We study the impact of increasingly negative central bank policy rates on banks' propensity to become undercapitalized in a financial crisis ('SRisk'). We find that the risk impact of negative rates is moderate, and depends on banks' business models: Banks with diversified income streams are perceived by the market as less risky, while banks that rely predominantly on deposit funding are perceived as more risky. Policy rate cuts below zero trigger different SRisk responses than an earlier cut to zero.

  • Publication . Article . Research . Conference object . 2015 . Embargo End Date: 01 Jan 2012
    Open Access
    Authors: 
    Frans Schalekamp; René Sitters; Suzanne van der Ster; Leen Stougie; Victor Verdugo; Anke van Zuylen;
    Publisher: arXiv
    Countries: France, France, Netherlands

    International audience; We study a scheduling problem in which jobs may be split into parts, where the parts of a split job may be processed simultaneously on more than one machine. Each part of a job requires a setup time, however, on the machine where the job part is processed. During setup, a machine cannot process or set up any other job. We concentrate on the basic case in which setup times are job-, machine- and sequence-independent. Problems of this kind were encountered when modelling practical problems in planning disaster relief operations. Our main algorithmic result is a polynomial-time algorithm for minimising total completion time on two parallel identical machines. We argue, why the same problem with three machines is not an easy extension of the two-machine case, leaving the complexity of this case as a tantalising open problem. We give a constant-factor approximation algorithm for the general case with any number of machines and a polynomial-time approximation scheme for a fixed number of machines. For the version with the objective to minimise total weighted completion time, we prove NP-hardness. Finally, we conclude with an overview of the state of the art for other split scheduling problems with job-, machine- and sequence-independent setup times.

  • Open Access English
    Authors: 
    Dennis Prak; Ruud Teunter; Babai, Mohamed Z.; Syntetos, Aris A.; Boylan, John E.;
    Publisher: University of Groningen, SOM research school
    Country: Netherlands
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